CARRIAGE SERVICES INC
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 2025
Contents
4. Divested Operations
- DIVESTED OPERATIONS
During the three months ended June 30, 2025, we mergedone funeral home with another business we own in an existing market. During the six months ended June 30, 2025, we soldtwo funeral homes andthree cemeteries for an aggregate of $15.8 million and merged one funeral homes with another business we own in an existing market.
During the three months ended June 30, 2024, we merged one funeral home with another business we own in an existing market. During the six months ended June 30, 2024, we soldsix funeral homes andone cemetery for an aggregate of $10.9 million and mergedone funeral home with another business we own in an existing market.
The operating results of these divested funeral homes and cemeteries are reflected on our Consolidated Statements of Operations as shown in the table below (in thousands):
| Three months ended June 30, | Six months ended, June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $(3) | $121 | $1,650 | $1,272 |
| Operating income | 42 | 33 | 518 | 151 |
| Income on divestitures(1) | 1 | (8) | 5,938 | (1,509) |
| Income tax (expense) benefit | (13) | (8) | (2,014) | 451 |
| Net gain (loss) from divested operations, after tax | $30 | $17 | $4,442 | $(907) |
| (1) | Net loss on divestitures is recorded in Net (gain) loss on divestitures, disposals, and impairment charges on our Consolidated Statements of Operations. |
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